While the U.S. and China are locked in a trade dispute over Beijing’s treatment of foreign firms, many foreign companies say there’s one area with some positive change: intellectual property. The American Chamber of Commerce in China said Tuesday that 59 percent of its members believe Beijing has improved its enforcement of intellectual property protection
Month: February 2019
Macy’s on Tuesday reported earnings and sales for the holiday quarter that beat analysts’ expectations. The department store chain also announced a restructuring plan that it said should help it generate annual cost savings of $100 million. It said part of this plan consists of reorganizing upper management, cutting 100 vice-president level or above roles,
Boeing announced Tuesday the nomination of former U.S. Ambassador to the United Nations Nikki Haley for election to the company’s board of directors. “It’s an honor to have the opportunity to contribute to Boeing’s continued success as a cutting edge industry leader and a great American company,” Haley said in a statement. This story is
Charles Dickens famously began his novel “A Tale of Two Cities” with the line, “It was the best of times, it was the worst of times.” That same description can be used to describe the dual nature of today’s retirement. Depending on how well you’ve saved and prepared, you are either ready to enjoy your
Coming into a windfall is rare. But for some, it happens every year — in the form of a tax refund. The IRS issued more than 100 million refunds last year, averaging a little less than $3,000 apiece. Yes, the average check may be somewhat smaller this year, but it’s still a relatively nice chunk
A trade deal between the United States and China may be priced into the stock market “to a degree” — but there are still places to find opportunity, billionaire investor Mario Gabelli told CNBC on Monday. There are “still a lot of interesting nuggets out there,” the Gamco founder said on “Closing Bell.” U.S. stocks
There’s little question that technology is shaping the future of our work, our play and even how we form opinions. But who is shaping that technology? It’s been quite an economic run. The stock market has been climbing for a decade, and in that time, tech companies like Apple, Alphabet, Amazon and Facebook have gone
Check out the companies making headlines after the bell: Etsy shares surged as much as 12 percent after hours Monday based on strong fourth-quarter earnings. Beating on the top and bottom lines, the e-commerce company posted earnings per share of 32 cents on revenues of $200 million. Wall Street forecast earnings per share of 21
Etsy jumped 10 percent in extended trading Monday after reporting fourth-quarter earnings that beat expectations. The company reported fourth quarter earnings of $0.32 per share on revenues of $200 million. Analysts had expected EPS of $0.21 on revenues of $194.9 million. “By making Etsy a great destination for holiday shopping, we delivered strong fourth-quarter results
Coming off of a tumultuous week, Kraft Heinz could be due for another dividend cut, CNBC’s Jim Cramer warned viewers Monday, calling it “pure baloney.” Investors once loved its cost-cutting strategies on top of Warren Buffett’s 27 percent stake in the company, but the “Mad Money” host said Wall Street’s “reverence” turned to “revulsion” after
Intel is back in favor on Wall Street. The stock ripped higher on Friday after Morgan Stanley upgraded the chipmaker, giving a boost to the stock and extending its gains on the year. The firm said its bullish call was based on the company’s permanent placement of Robert Swan as CEO, as well as a
Warren Buffett said Monday that Berkshire Hathaway paid too much for Kraft, noting he might have misjudged certain aspects about the company. “I was wrong in a couple of ways about Kraft Heinz,” Buffett told CNBC’s Becky Quick on “Squawk Box.” “We overpaid for Kraft.” “It’s still a wonderful business in that it uses about
U.S. casino operator Caesars Entertainment is in talks to offer Carl Icahn a role in selecting its new CEO as part of an agreement that would also give the billionaire investor board seats, people familiar with the matter said on Sunday. The negotiations come after Icahn disclosed a 9.8 percent stake in Caesars on Tuesday
The piggy bank is virtually extinct. That’s not to say that teaching kids the value of a dollar and how to save money over time isn’t as worthwhile as ever. Yet you can forget counting coins these days, as most payments are electronic and even kids are joining the noncash majority. To that end, a
Regardless of who wins an Oscar on Sunday, no nominee will walk away empty handed. Increasingly, the Academy Awards is a chance for brands and their marketers to catch the eye of A-listers and everyday Americans alike by gifting goods and services. That might explain why this year’s swag bags furnished by Distinctive Assets offer
The Cooneys walked into the office to hear their test results. Matt Cooney, a 79-year-old retired television sportscaster, was informed that his financial decision-making capacity was in jeopardy. Dobe Cooney admitted that her husband had lost track of their bills a few times lately. “We don’t leave the teeth in the refrigerator or anything like
Kraft Heinz, the ailing food giant, has tapped investment bank Credit Suisse to review options for its Maxwell House coffee business, which could include a potential sale, people familiar with the matter tell CNBC. The coffee business has roughly $400 million in earnings before interest, taxes, depreciation and amortization, the people said. Based off valuations
Americans are diving deeper and deeper into the red. As of this month, outstanding consumer debt exceeded $4 trillion for the first time, according to the Federal Reserve. Relatively strong holiday spending, particularly in November, and increasing credit card debt added more than $41 billion in outstanding balances at the end of 2018, according to
Most Americans are not financially prepared for an emergency. And there’s a key reason why: They have not set up a dedicated account to save for emergency expenses. Furthermore, they have not set up automatic transfers from their checking account to their savings accounts. Whether or not you take those two steps can make or
The most widely anticipated shareholder letter on Wall Street was released on Saturday. Warren Buffett discussed many topics including Wall Street’s obsession with quarterly results, Berkshire Hathaway’s $112 billion cash pile and what he wants to do with it, his first stock purchase, the dangers of too much debt, and what he sees as the
A leading Wall Street firm predicts global interest rates could fall to three year lows this year — to about 1 percent. According to Medley Global Advisors’ Ben Emons, the scenario is becoming more likely because inflation is very subdued. “With all this shock that happened in the fourth quarter and energy prices falling quite
Investing giants BlackRock and KKR on Sunday signed a $4 billion agreement with Abu Dhabi’s National Oil Company (ADNOC) to become the first institutional investors joining forces with a national oil producer in the Middle East. The deal represents a landmark partnership in midstream pipeline infrastructure development for ADNOC. It’s also the latest step in
If you’re paying your nanny cash under the table, you might catch heat from the IRS. It’s no secret that child-care costs are a massive expense for working parents. Families with infants pay a nanny an average of $580 a week, according to Care.com — or $30,160 annually. To put things into perspective, average tuition,
The more money you make, the more taxes you pay — right? Not necessarily. While the U.S. tax code is structured so that high earners pay a higher tax rate, the ultra-wealthy often take advantage of laws that enable them to lower their effective tax rate. “In general, America’s wealthy are different when it comes
As Social Security’s funding problems loom ever closer on the horizon, the program has emerged as a pet project on many lawmakers’ fix-it list. Now in control of the House, Democrats have thrown their weight behind a measure that would extend and expand the program — largely by asking high earners to pony up, along
Warren Buffett‘s Berkshire Hathaway is betting on companies like Apple, Goldman Sachs and American Express for the long run, the “Oracle of Omaha” said in his annual letter to shareholders released Saturday. The letter showed Berkshire’s investment in Apple was worth more than $40 billion in terms of market value at the end of 2018.
Dropbox stock rose slightly and then fell more as much as 3 percent after the tech company reported better-than-expected fourth-quarter earnings on Thursday. Here’s how the company did: Earnings: 10 cents per share, excluding certain items, vs. 8 cents per share as expected by analysts, according to Refinitiv. Revenue: $375.9 million, vs. $370 million as
The winner of the prestigious best picture award at this year’s Oscars will get a bump at the box office — but it probably won’t be huge. Following their respective nominations in January, “Black Panther,” “BlacKkKlansman,” “Bohemian Rhapsody,” “The Favourite,” “Green Book,” “A Star Is Born” and “Vice” all resurfaced at cinemas, with theater owners
It might come as a surprise to you that you can still reduce your taxes for 2018, even though the year has ended. These strategies can help you set aside money for your future and reduce your taxes today. So, let’s take a look at three ways you can still reduce your tax burden before
If you were unhappy with your tax refund this year, take a moment and review your return. It could save you a headache in 2020. For the first time, taxpayers are submitting their returns under the Tax Cuts and Jobs Act, which went into effect last year. The filing season only kicked off on Jan.
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